Bank Of Baku

Azerbaijani oil price nears $97 per barrel

Azerbaijani oil price nears $97 per barrel
# 21 August 2026 09:40 (UTC +04:00)

Azerbaijan’s Azeri Light (CIF) crude oil has increased in price on global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil increased by $1.2, or 1.26%, to $96.68.

Note that the previous price of Azerbaijani oil was $95.48.

Recall that Azerbaijan’s state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.

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